Anu Bradford
Insuring Immigration
NEW YORK – Almost immediately after the suspects in the Boston Marathon bombings were revealed to be immigrants, opponents of immigration re…
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William White
The Ultra-Easy Money Experiment
BASEL – The world’s central banks are engaged in one of the great policy experiments in modern history: ultra-easy money. And, as the experi…
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Allan H. Meltzer
Quantitative Quicksand
PITTSBURGH – Almost all recoveries from recession have included rapid employment growth – until now. Though advanced-country central banks h…
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Gavin Hayman
Financial Secrets and Lies
LONDON – In early April, a major exposé of financial secrecy sent shock waves around the world. After devoting more than a year to examining…
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Emmanuel Guerin
Green Sovereign Wealth
PARIS – At the end of 2011, sovereign-wealth funds’ assets under management amounted to $3 trillion, following 237 direct investments worth …
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Bill Gates
The Problem with Poor Countries’ GDP
SEATTLE – Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must make hard decisio…
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Lynn Forester de Rothschild
Capitalists for Inclusive Growth
LONDON – In 2012, the Pew Research Center found that 85% of self-described middle-class adults in the United States believe that it is more …
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Arvind Subramanian
Three New Lessons of the Euro Crisis
WASHINGTON, DC – While some observers argue that the key lesson of the eurozone’s baptism by fire is that greater fiscal and banking integra…
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Otaviano Canuto
Currency War and Peace
WASHINGTON, DC – Much of the hype surrounding last month’s meeting in Moscow of G-20 finance ministers and central bankers was dedicated to …
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Sylvester Eijffinger, Edin Mujagic
Independence Lost
TILBURG – Every major economic crisis has its victims. Some bounce back, while others experience long-lasting, even permanent, damage. When …
The Frontiers of Growth
Have Russia and China proved that authoritarianism and capitalism can go hand-in-hand? Can legality be imported? Are some countries fated to race ahead while others lag? Does culture shape economics? Is unrestricted foreign investment a help or a hindrance to countries seeking to escape from poverty?
Understanding what makes economies grow is one of the most vexing tasks facing researchers and policymakers. Around the world, growth is universally regarded as the cure-all for human misery. Improved growth rates are also critical to the future of the developed countries, for the cost of backwardness is high – and rises with every new technological advance.
How can faster economic growth be achieved, and what is a fair price to pay for it? Growth is now viewed as creating problems of its own – congestion, pollution, and exploitation, among others– and rich and poor countries alike reckon that these factors, too, must be taken into account.
Project Syndicate’s commentaries on The Frontiers of Growth deliver to readers the best critical thinking on the impact of development strategies on countries everywhere – whatever their level of economic attainment. Contributors include top economists, businessmen, and policymakers, such as former US Treasury Secretary and current chief economic adviser to President Barack Obama Larry Summers, financier George Soros, European Central Bank board member Jürgen Stark, IMF Managing Director Christine Lagarde, former UN Undersecretary General Jose Antonio Ocampo, and former Polish central bank governor Leszek Balcerowicz.
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